SMH3.L is trading 7.6% up today, reflecting a leveraged rebound in semiconductor stocks following a strong rally in large-cap tech and AI-related names on June 29, 2026.
- The move follows a significant surge in the underlying VanEck Semiconductor ETF (SMH), with gains magnified through the ETP's 3x exposure.
- Investor sentiment has been further bolstered by improved geopolitical conditions, supporting a broader recovery across the semiconductor industry.